MADRID HOME FOR THE AGING

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

CATHERINE MEIER

Phone

5157953007

Tax Period

2020-01-01 to 2020-12-31

MADRID HOME FOR THE AGING, founded in 1978, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.5M in total revenue in fiscal year 2020. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $11.2M left a modest 10% surplus.

Mission

MADRID HOME COMMUNITIES STRIVE TO FOLLOW CHRIST'S EXAMPLE OF HUMBLE SERVICE BY OFFERING EACH OLDER ADULT SERVED THE CHOICES AND COMPASSIONATE SUPPORT THEY NEED IN SURRONDINGS THAT FEEL LIKE HOME.

Program Service Accomplishments

Program 1

Expenses: $9,199,641 Revenue: $11,544,076

MADRID HOME FOR THE AGING PROVIDES LONG-TERM CARE SERVICES TO APPROXIMATELY 300 PERSONS ANNUALLY IN VARIOUS LEVELS OF CARE INCLUDING 88 LICENSED NURSING HOME BEDS, 61 INDEPENDENT LIVING APARTMENTS...

MADRID HOME FOR THE AGING PROVIDES LONG-TERM CARE SERVICES TO APPROXIMATELY 300 PERSONS ANNUALLY IN VARIOUS LEVELS OF CARE INCLUDING 88 LICENSED NURSING HOME BEDS, 61 INDEPENDENT LIVING APARTMENTS AND 85 ASSISTED LIVING UNITS. APPROXIMATELY 250 FULL AND PART-TIME EMPLOYEES ARE EMPLOYED ANNUALLY TO PROVIDE THESE SERVICES THROUGHOUT THE YEAR. WE CONTINUE TO EMBRACE OUR COMMITMENT OF CHARITY BY PROVIDING ASSISTANCE TO INDIVIDUALS IN OUR ASSISTED LIVING PROGRAM WHO DO NOT HAVE THE RESOURCES TO PAY FOR THE SERVICES PROVIDED. THIS IS DONE THROUGH OUR ACTS FUND, THROUGH WHICH WE SERVED 9 PERSONS DURING THE YEAR. WE CONTINUE TO LOOK FOR WAYS TO IMPROVE OUR DELIVERY OF SERVICES TO EMPHASIZE THE RESIDENT CENTERED CARE THAT FOCUSES ON RESIDENT PREFERENCES JUST AS THEY WOULD EXPECT IN THEIR OWN HOME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $856,561

Program Service Revenue $11,544,076

Investment Income $57,898

Other Revenue $0

TOTAL REVENUE $12,458,535

Expense Breakdown

Grants Paid $51,023

Salaries & Benefits $5,970,466

Fundraising Expenses $0

Program Expenses $9,199,641

Other Expenses $5,170,528

TOTAL EXPENSES $11,192,017

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,458,535	$10,002,956	+0.2%
Expenses	$11,192,017	$9,914,314	+0.1%
Net Income	$1,266,518	$88,642	+13.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

226

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$935,162

Total Directors

$912,552

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS HANSEN	CHAIR	1.00	Officer Director	$0	$64,427	$431,031
CATHERINE MEIER	TREASURER	1.00	Officer Director	$0	$37,540	$249,151
MATT GARCIA	CBO (THRU 10/2020)	1.00	Officer Director	$0	$48,662	$232,370
PAT O'LEARY	CSO (BEG 11/2020)	1.00	Officer	$0	$28	$22,610
MATT HAU	EXECUTIVE DIRECTOR	40.00	Highest	$108,785	$28,674	$137,459

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2020	$12,458,535	$11,192,017	$24,780,099	$1,266,518
2019	$10,002,956	$9,914,314	$22,819,280	$88,642
2018	$10,689,069	$11,332,622	$16,764,533	$-643,553